Polygon’s AggLayer adopts Agora’s AUSD as native currency

Quick Summary:

AUSD now powers AggLayer on Polygon, optimizing crosschain liquidity and eliminating token bridges.

In a press release shared with Cointelegraph, Nick van Eck stated that the AUSD integration “is about building a more egalitarian economic network” where income is “shared across network participants.

Polygon Labs, the development company focused on building the AggLayer and the Polygon ecosystem, partnered with startup Fabric Cryptography on Sept.10 to introduce zero-knowledge proofs to the AggLayer.

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Article Details

Author / Journalist: Cointelegraph by Josh O'Sullivan

Category: Crypto

Markets: United States

Topics: AUSD Polygon Blockchain Multichain Stablecoin AggLayer Liquidity Web3 Crosschain Agora

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 14:00:00 (3 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 435 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 23517856

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 19 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 2 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

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News Language: English

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Publisher ID: #11

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